Citi Trends, Inc. (NASDAQ:CTRN) Q3 2024 Earnings Conference Call December 3, 2024 9:00 AM ET Company Participants Cody McAllister - ICR Ken Seipel - CEO Heather Plutino - CFO Conference Call Participants Jeremy Hamblin - Craig-Hallum Capital Group Michael Baker - D.A. Davidson Operator Greetings. And welcome to the Citi Trends' Third Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] ...

Zscaler, Inc. (NASDAQ:ZS) Q1 2025 Earnings Conference Call December 2, 2024 4:30 PM ET Company Participants Ashwin Kesireddy - Vice President, Investor Relations and Strategic Finance Jay Chaudhry - Chairman and Chief Executive Officer Remo Canessa - Chief Financial Officer Conference Call Participants Saket Kalia - Barclays Andrew Nowinski - Wells Forgo Gabriela Borges - Goldman Sachs Brad Zelnick - Deutsche Bank Mike Cikos - Needham Ittai Kidron - Oppenheimer Rob Owens - Piper Sandler Brian Essex - JPMorg ...

Credo Technology Group Holding Ltd (NASDAQ:CRDO) Q2 2025 Earnings Conference Call December 2, 2024 5:00 PM ET Company Participants Dan O'Neil - VP, Corporate Development and IR Bill Brennan - CEO Dan Fleming - CFO Conference Call Participants Toshiya Hari - Goldman Sachs Thomas O'Malley - Barclays Quinn Bolton - Needham & Company Tore Svanberg - Stifel Vivek Arya - Bank of America Securities Suji Desilva - ROTH Capital Vijay Rakesh - Mizuho Joshua Buchalter - TD Cowen Karl Ackerman - BNP Operator Good day, ...

Financial Data and Key Metrics - Revenue for the fiscal year 2024 was $378.9 million, a 125% increase from $164.8 million in the previous year [7] - Adjusted EBITDA for the year was $245.8 million, an 882% increase from $25 million in 2023 [8] - Gross profit for the year was $213.5 million, a 185% increase from the prior year [32] - GAAP net loss for the year was $145.8 million, largely due to a non-cash impairment expense of $197 million [33] - Bitcoin production for the year was approximately 7,100 Bitcoins, compared to 6,900 Bitcoins in fiscal year 2023 [31] Business Line Data and Key Metrics - The company's operational hash rate reached 33.5 exahash per second, up from 9.6 exahash per second the previous year [14] - The company added over 425 megawatts to its operational power capacity, bringing the total portfolio to over 726 megawatts [14] - The current fleet efficiency stands at 19 joules per terahash, significantly lower than the fleet average of 28.4 joules per terahash from September of last year [17] Market Data and Key Metrics - The company has a geographically diverse portfolio of mining assets in Georgia, Wyoming, Tennessee, Mississippi, and New York [13] - The company's all-in power costs for fiscal year 2024 were $0.046 per kilowatt hour, lower than $0.048 per kilowatt hour in fiscal 2023 [34] - The average cost to mine Bitcoin in 2024 was approximately $21,400 for wholly-owned facilities [35] Company Strategy and Industry Competition - The company remains committed to Bitcoin mining as a vertically integrated pure play operation, contrasting with competitors diversifying into AI and high-performance computing [24] - The company's growth strategy includes greenfield development, organic expansion, and opportunistic acquisitions [11][18] - The company aims to achieve 50 exahash per second in 2025 and is focused on increasing installed hash rate and boosting monthly Bitcoin production [26][27] Management Commentary on Operating Environment and Future Outlook - The company is well-positioned to capitalize on the current bull market and expects to exceed 1 gigawatt of contracted capacity across its portfolio in 2025 [14][27] - The company anticipates a friendlier regulatory environment and increased capital market opportunities following the recent presidential election [57] - The company is focused on operational efficiency, driving strong margins, and consistent performance [26] Other Important Information - The company closed the acquisition of grid infrastructure in October, which included 68 megawatts of developed infrastructure in Tennessee and over 400 megawatts of identified upside expansion opportunity [21] - The company renewed its insurance policy in November, cutting the comparable rate by 25% [39] - The company has approximately $121 million in cash and is rapidly approaching 10,000 Bitcoin in holdings, representing almost $1 billion at current Bitcoin prices [40] Q&A Session Summary Question: Why have miners lagged Bitcoin this year? - The company believes that miners, including itself, have meaningfully outperformed Bitcoin over a two-year period and expects another upswing as the market better understands the miners' capabilities [49] Question: How is the company approaching the ASIC market? - The company has locked in price certainty for ASICs through 63 exahash and has the ability to take down additional units with price certainty [50][51] Question: What are the paths to generate yield on Bitcoin holdings? - The company is exploring strategies such as providing covered calls, lending Bitcoin, and providing liquidity to ETFs [56] Question: What trends are expected to drive mining in 2025? - The company expects a friendlier regulatory environment, increased capital market opportunities, and continued focus on scale and efficiency [57][58] Question: How is the company prioritizing build versus buy decisions? - The company is focusing more on building hardened immersion-cooled infrastructure in rural areas and may consider air-cooled infrastructure for acquisitions [66][67] Question: What is the outlook for fleet efficiency? - The company expects incremental improvements in fleet efficiency and believes immersion cooling will play a key role in keeping up with efficiency advancements [70][72] Question: What are the expectations for CapEx in 2025? - The company expects to invest roughly $200 million in infrastructure and has secured advantageous prices for miners [77] Question: What is the company's view on buying Bitcoin outright? - The company believes the best use of capital is buying or building facilities that produce Bitcoin, but it is not opposed to buying Bitcoin for strategic reasons [93][94]

HUB Cyber Security Ltd. (NASDAQ:HUBC) Q2 2024 Earnings Conference Call December 2, 2024 9:00 AM ET Company Participants Ben Shamsian - Lytham Partners Noah Hershcoviz - CEO Conference Call Participants Operator Good morning, and welcome to the HUB Cyber Security’s First Half 2024 Financial Results Conference Call. All participants will be in a listen-only mode. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference over to Ben Shamsian with Lytham Partners. ...

BW LPG Limited (NYSE:BWLP) Q3 2024 Earnings Conference Call December 2, 2024 8:00 AM ET Company Participants Kristian Sorensen - Chief Executive Officer Samantha Xu - Chief Financial Officer Conference Call Participants Petter Haugen - ABG Sundal Collier Jorgen Lian - DNB Markets Climent Molins - Value Investor's Edge Operator Hi, everyone, a warm welcome to BW LPG's Third Quarter 2024 Results. The presentation today will be given by our CEO, Kristian; and our CFO, Samantha. Afterwards, we will open up for ...

Exela Technologies, Inc. (OTC:XELA) Q3 2024 Results Conference Call November 29, 2024 4:30 PM ET Company Participants Matt Brown - Interim Chief Financial Officer Operator Good day, and welcome to the Exela Third Quarter 2024 Financial Results. All participants will be in listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note, this event is being recorded. I would now like to turn the conference over to [David ...

Tokio Marine Holdings, Inc. (OTCPK:TKOMY) Q4 2024 Earnings Conference Call November 26, 2024 11:00 PM ET Conference Call Participants Thank you for joining us for Tokio Marine Holdings Business Strategy briefing for the Second Half of Fiscal Year 2024, in spite of your busy schedules. I will serve as the moderator. And I am Ishiguro from Global Communications. Next from TMNF, President and Chief Executive Officer, Hiroaki Shirota; Vice President Executive Officer, Kenichi Kitazawa; Senior Managing Executive ...

Noah Holdings Limited (NYSE:NOAH) Q3 2024 Earnings Call Transcript November 26, 2024 7:00 PM ET Company Participants Melo Xi - Senior Director and Head of Global Capital Markets Group Zander Yin - Co-Founder, Director and CEO Grant Pan - CFO Wang Jingbo - Co-Founder and Chair Conference Call Participants Chiyao Huang - Morgan Stanley Peter Zhang - JPMorgan Operator Good day and welcome to the Noah Holdings Third Quarter 2024 Earnings Conference Call. All participants will be in a listen-only mode. [Operator ...

PagerDuty, Inc. (NYSE:PD) Q3 2025 Earnings Conference Call November 26, 2024 5:00 PM ET Company Participants Tony Righetti - Vice President, Investor Relations Jennifer Tejada - Chairperson & Chief Executive Officer Howard Wilson - Chief Financial Officer Conference Call Participants Sanjit Singh - Morgan Stanley Rob Oliver - Baird Koji Ikeda - Bank of America Jeff Van Rhee - Craig-Hallum Andrew Sherman - TD Cowen Jacob Zerbib - William Blair Nick Altmann - Scotiabank Miller Jump - Truist Simran Biswal - RB ...